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Savannah Resources ( (GB:SAV) ) has shared an announcement.
Savannah Resources has announced the completion of the resource-focused stage of its Phase 2 drilling program at the Barroso Lithium Project, with the final batch of assays indicating positive results. The company expects to publish a new JORC-compliant resource estimate in September, which is anticipated to upgrade and expand the current resource, supporting the project’s Definitive Feasibility Study and future financing. The drilling results suggest potential increases in tonnage at the Pinheiro and Reservatório orebodies, and the continuity of lithium mineralization at depth, highlighting the project’s long-term potential.
More about Savannah Resources
Savannah Resources Plc is a company focused on the development of the Barroso Lithium Project in Portugal, which is recognized as a ‘Strategic Project’ under the European Critical Raw Materials Act. The project is noted for being Europe’s largest spodumene lithium deposit.
Average Trading Volume: 1,509,128
Technical Sentiment Signal: Sell
Current Market Cap: £81.98M
For detailed information about SAV stock, go to TipRanks’ Stock Analysis page.